United Kingdom GDP Annual Growth Rate  1956-2016 | Data | Chart | Calendar

The British economy advanced 2.1 percent year-on-year in the second quarter of 2016, 0.1 percentage point lower than previously estimated, and following a 2 percent expansion in the previous period. Consumer spending and investment accelerated, final figures showed. GDP Annual Growth Rate in the United Kingdom averaged 2.46 percent from 1956 until 2016, reaching an all time high of 9.80 percent in the first quarter of 1973 and a record low of -6.10 percent in the first quarter of 2009. GDP Annual Growth Rate in the United Kingdom is reported by the Office for National Statistics.

United Kingdom GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.00 9.80 -6.10 1956 - 2016 percent Quarterly
The United Kingdom is the sixth largest economy in the world and the second largest in Europe after Germany. The Services sector is the most important and accounts for 79 percent to total GDP. The biggest segments within Services are: government, education and health (19 percent of total GDP); real estate (12 percent); professional, scientific and technical activities and administrative and support services (12 percent); wholesale and retail trade (11 percent); and financial and insurance (8 percent). Industry accounts for 21 percent of the GDP and the largest segments within this sector are: manufacturing (10 percent of total GDP) and construction (6 percent). The Agriculture sector accounts for only 1 percent of GDP. This page provides the latest reported value for - United Kingdom GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-27 08:30 AM Q2 2.2% 2% 2.0% 1.9%
2016-08-26 08:30 AM Q2 2.2% 2% 2.2% 2.2%
2016-09-30 08:30 AM Q2 2.1% 2% 2.2% 2.2%
2016-10-27 08:30 AM Q3 2.1% 1.2%
2016-11-25 09:30 AM Q3 2.1%
2016-12-22 09:30 AM Q3 2.1%

UK Annual GDP Growth Revised Down to 2.1% in Q2


The British economy advanced 2.1 percent year-on-year in the second quarter of 2016, 0.1 percentage point lower than previously estimated, and following a 2 percent expansion in the previous period. Consumer spending and investment accelerated, final figures showed.

On the expenditure side, household spending increased 3 percent (+2.7 percent in Q1); and consumption of non-profit institutions advanced 2.3 percent (+1.4 percent in Q1); while and government spending slowed (+1.1 percent following +2.1 percent in Q1). Gross fixed capital formation rose 1 percent, up from a 0.3 percent increase in Q1. Exports went up 3.1 percent (+3 percent in Q1) and imports jumped 4.7 percent (+1.6 percent in Q1). 

On a quarterly basis, the economy advanced 0.7 percent, better than a 0.4 percent expansion in the previous three months and higher than the first reading of 0.6 percent. 

ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/30/2016 9:37:16 AM

United Kingdom GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.40 5.00 -2.70 percent [+]
GDP Annual Growth Rate 2.10 2.00 9.80 -6.10 percent [+]
GDP 2848.76 2990.20 2990.20 72.33 USD Billion [+]
GDP Constant Prices 466790.00 463678.00 466790.00 107263.00 GBP Million [+]
Gross National Product 473198.00 464690.00 473198.00 4748.00 GBP Million [+]
Gross Fixed Capital Formation 78108.00 76899.00 80420.00 13405.00 GBP Million [+]
GDP per capita 40933.46 40326.82 40933.46 13868.61 USD [+]
GDP per capita PPP 38657.79 38084.87 38657.79 26202.27 USD [+]
GDP From Agriculture 3185.00 3217.00 3267.00 2350.00 GBP Million [+]
GDP From Construction 25939.00 25972.00 26013.00 20035.00 GBP Million [+]
GDP From Manufacturing 41356.00 40693.00 43548.00 37451.00 GBP Million [+]
GDP From Mining 7660.00 7450.00 16722.00 6493.00 GBP Million [+]
GDP From Public Administration 19006.00 19115.00 22274.00 18888.00 GBP Million [+]
GDP From Services 331121.00 329241.00 331121.00 171542.00 GBP Million [+]
GDP From Transport 17823.00 17776.00 18739.00 9402.00 GBP Million [+]




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Ethiopia 9.60 Dec/15
Ivory Coast 9.40 Mar/16
Papua New Guinea 9.00 Dec/15
Dominican Republic 8.70 Jun/16
Tanzania 7.90 Jun/16
Uzbekistan 7.80 Jun/16
Congo 7.70 Dec/15
Monaco 7.20 Dec/14
India 7.10 Jun/16
Bangladesh 7.05 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Philippines 7.00 Jun/16
Cambodia 6.90 Dec/15
China 6.70 Jun/16
Djibouti 6.70 Dec/15
Tajikistan 6.50 Jun/16
Turkmenistan 6.50 Dec/15
Vietnam 6.40 Sep/16
Kenya 6.20 Jun/16
Paraguay 6.20 Jun/16
Benin 6.10 Jun/16
Romania 6.00 Jun/16
Burkina Faso 5.90 Jun/16
Togo 5.80 Mar/16
Senegal 5.70 Jun/16
Chad 5.60 Dec/15
Bhutan 5.50 Dec/15
Guinea Bissau 5.50 Jun/16
Mali 5.40 Mar/16
Rwanda 5.40 Jun/16
Sao Tome and Principe 5.30 Dec/15
Panama 5.20 Jun/16
Indonesia 5.18 Jun/16
Zambia 5.00 Dec/15
Bolivia 4.95 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Costa Rica 4.80 Mar/16
Maldives 4.80 Mar/16
Gambia 4.70 Dec/15
Luxembourg 4.40 Mar/16
Cuba 4.30 Dec/15
East Timor 4.30 Dec/15
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Ireland 4.10 Jun/16
Nicaragua 4.10 Mar/16
Malaysia 4.00 Jun/16
Algeria 3.90 Dec/15
Palestine 3.90 Jun/16
Egypt 3.80 Dec/15
Kosovo 3.80 Mar/16
Cameroon 3.70 Mar/16
Iceland 3.70 Jun/16
Mozambique 3.70 Jun/16
Peru 3.70 Jun/16
Slovakia 3.70 Jun/16
Brunei 3.60 Mar/16
Honduras 3.60 Dec/15
New Zealand 3.60 Jun/16
Cape Verde 3.50 Jun/16
Thailand 3.50 Jun/16
Lesotho 3.40 Dec/15
Sweden 3.40 Jun/16
United Arab Emirates 3.40 Dec/15
Australia 3.30 Jun/16
South Korea 3.30 Jun/16
Comoros 3.20 Dec/15
Spain 3.20 Jun/16
Germany 3.10 Jun/16
Mauritania 3.10 Dec/15
Poland 3.10 Jun/16
Turkey 3.10 Jun/16
Albania 3.00 Mar/16
Bulgaria 3.00 Jun/16
Georgia 3.00 Jun/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Malta 3.00 Jun/16
Israel 2.90 Jun/16
Malawi 2.90 Dec/15
Croatia 2.80 Jun/16
Guatemala 2.80 Mar/16
Cyprus 2.70 Jun/16
Montenegro 2.70 Jun/16
Slovenia 2.70 Jun/16
Czech Republic 2.60 Jun/16
Hungary 2.60 Jun/16
Somalia 2.60 Dec/14
Sri Lanka 2.60 Jun/16
Bahrain 2.50 Jun/16
El Salvador 2.50 Mar/16
Ghana 2.50 Jun/16
Mauritius 2.50 Jun/16
Mexico 2.50 Jun/16
Norway 2.50 Jun/16
Cayman Islands 2.40 Mar/16
Iraq 2.40 Dec/15
Bosnia and Herzegovina 2.30 Jun/16
Jordan 2.30 Mar/16
Netherlands 2.30 Jun/16
Macedonia 2.20 Jun/16
Afghanistan 2.10 Dec/15
Latvia 2.10 Jun/16
Singapore 2.10 Jun/16
United Kingdom 2.10 Jun/16
Colombia 2.00 Jun/16
Serbia 2.00 Jun/16
Switzerland 2.00 Jun/16
Lithuania 1.90 Jun/16
European Union 1.80 Jun/16
Kuwait 1.80 Dec/15
Moldova 1.80 Jun/16
Haiti 1.70 Dec/15
Hong Kong 1.70 Jun/16
Swaziland 1.70 Dec/15
Botswana 1.60 Jun/16
Euro Area 1.60 Jun/16
Armenia 1.50 Jun/16
Chile 1.50 Jun/16
Suriname 1.50 Dec/15
Zimbabwe 1.50 Dec/15
Belgium 1.40 Jun/16
Jamaica 1.40 Jun/16
Mongolia 1.40 Jun/16
Saudi Arabia 1.40 Jun/16
Tunisia 1.40 Jun/16
Ukraine 1.40 Jun/16
Uruguay 1.40 Jun/16
France 1.30 Jun/16
New Caledonia 1.30 Dec/14
United States 1.30 Jun/16
Austria 1.20 Jun/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
Qatar 1.10 Mar/16
Lebanon 1.00 Dec/15
Barbados 0.90 Dec/15
Canada 0.90 Jun/16
Portugal 0.90 Jun/16
Estonia 0.80 Jun/16
Italy 0.80 Jun/16
Japan 0.80 Jun/16
Nepal 0.77 Dec/15
Taiwan 0.70 Jun/16
Iran 0.60 Mar/15
South Africa 0.60 Jun/16
Morocco 0.50 Jun/16
Finland 0.40 Jun/16
Denmark 0.30 Jun/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
Guinea 0.10 Dec/15
Kazakhstan 0.10 Jun/16
Greece -0.40 Jun/16
Puerto Rico -0.60 Dec/15
Russia -0.60 Jun/16
Liechtenstein -0.80 Dec/14
North Korea -1.10 Dec/15
Namibia -1.20 Jun/16
Belarus -1.30 Jun/16
Uganda -1.30 Mar/16
Belize -1.60 Jun/16
Nigeria -2.06 Jun/16
Kyrgyzstan -2.30 Jun/16
Syria -2.30 Dec/11
Ecuador -3.00 Mar/16
Argentina -3.40 Jun/16
Azerbaijan -3.40 Jun/16
Brazil -3.80 Jun/16
Burundi -4.10 Dec/15
Trinidad and Tobago -5.20 Mar/16
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Macau -7.10 Jun/16
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15